This is Asia’s top-performing economy in the Covid pandemic — it’s not China



Yen Nee Lee | CNBC

The Vietnamese economy grew 2.9% last year from a year ago, according to government estimates released in late December. That’s better than China’s forecast-beating 2.3% growth during the same period.

“With this performance, Vietnam has delivered one of the highest growth (rates) in a year where the rest of the world were in deep recessions,” economists from Bank of America Global Research said in a report this month.

Some economists have over the past years questioned the veracity of Vietnam’s gross domestic product (GDP) data. Nevertheless, many economists appeared to be optimistic that the country’s economic growth will accelerate this year.  

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